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VTB continues lending to Krasnoyarsk Machine Building Plant

8 April 2011

© RIA Novosti, Sergey Berezin

In the first quarter of 2011, under cooperation with the space industry, VTB Bank and Krasnoyarsk Machine Building Plant entered into facility agreements amounting to RUB 9 bln. The funds will be channeled into prospective projects and programs, including those to perform the state defence order in 2011-2018.

According to Valery Lukyanenko, Member of  VTB Bank Management Board, “VTB is planning to develop partnership relations with space industry enterprises in other Russian regions. Cooperation with such enterprises allows the Bank to perform its obligations to extend lending to the Russian economy.”


JSC Krasnoyarsk Machine Building Plant is a leading Russian producer of core module of upper stage for Zenit and Proton rockets.

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